Hosie v. Chicago & North Western Railway Co.

How later courts describe this case

• as a matter of law, plaintiff should have inferred fraud from precipitous decline of stock, other lawsuits, etc.
• the application of local Rule 21 does not violate the right of jury trial under the Seventh Amendment
• pledge of stock in consideration of renewal of a loan not a sale
• civil action by trustee of bankrupt corporation to recover for violation of § 10(b)
• company issuance of its own shares is a sale for 10b-5 purposes
• state statute regarding use of deposition inapplicable in diversity action